Stock Market & Financial Investment News

Brokerages sent SEC subpoenas probing order routing, Reuters saysThe SEC has subpoenaed brokerages as part of an investigation into how retail customers' orders are routed, executed and filled, though it is unclear which firms received the requests, according to Reuters, citing several people familiar with the matter. Retail brokerage companies include Charles Schwab (SCHW), TD Ameritrade (AMTD), E-Trade (ETFC), and Fidelity Investments' Brokerage Services. Reference Link